The mysterious Seven Siblings wallets are buying ETH dip with borrowed UDSC
The post The mysterious Seven Siblings wallets are buying ETH dip with borrowed UDSC appeared on BitcoinEthereumNews.com.
The recent market dip on ETH reawakened one of crypto’s mysterious entities, the Seven Siblings wallets. The wallets borrowed $20M USDC to acquire more ETH. The Seven Siblings wallets reawakened during the latest market downturn, as ETH dipped to the $3,700 range again. The entity bought in at $3,754 per ETH, retaining $10M for further purchases. The Mysterious Whale/Institution “7 Siblings” borrowed $20M $USDC to buy 2,664 $ETH for $10M $USDC at a price of $3,754. It still hold $10M $USDC, likely to buy more. Address: 0x28a55c4b4f9615fde3cdaddf6cc01fcf2e38a6b0 Data @nansen_ai pic.twitter.com/YPfJz4pZsT — Onchain Lens (@OnchainLens) October 17, 2025 The whale wallets used CowSwap to make a series of ETH orders on decentralized exchanges. After the purchases were completed, the multi-wallet entity held 96% of its reserves in ETH, for a total of over $818M, with over $445M staked on Aave and holdings on several smaller L2 chains. The activation of the Seven Siblings wallets has historically been a sign of a market bottom. The seven connected wallets have bought during previous liquidation rallies, going as low as $1,700 per ETH in April 2025. The buying started just as ETH price managed to liquidate most of the larger long positions. Thinner liquidity remains down to the $3,500 per ETH range, suggesting the recent market slide may reverse soon. This time around, the wallets have not bought all the ETH at once, potentially anticipating more opportunities for a lower price range. The wallets have also staked some of their ETH on Aave, holding several varieties of wrapped ETH tokens from different DeFi protocols. The Seven Siblings also bought 6,149 ETH during the October 11 liquidation event, extending their acquisition streak during subsequent market crashes. Is ETH done with the slide? ETH dipped to the $3,700 range, as BTC abandoned its previous higher tier…
Filed under: News - @ October 17, 2025 12:28 pm